Beware of the Reversal!
Dear BTC biased traders, correction is not over!
Many will see the current uptrend as an impulse...Because they bought BTC high. You might be strongly biased.
It is most likely a B wave of a corrective structure that will continue in the next 12 months and chart can reach levels of 1100
1) RSI is printing divergence after divergence. This can't continue for long.
2) price is still in the trend channel, but approaching its boundary
3) there is a leading diagonal in the beggining and the rest is impulse
$) the latter has correction in the middle
Just everything you need for a nice completed wave
Many will see the current uptrend as an impulse...Because they bought BTC high. You might be strongly biased.
It is most likely a B wave of a corrective structure that will continue in the next 12 months and chart can reach levels of 1100
1) RSI is printing divergence after divergence. This can't continue for long.
2) price is still in the trend channel, but approaching its boundary
3) there is a leading diagonal in the beggining and the rest is impulse
$) the latter has correction in the middle
Just everything you need for a nice completed wave
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